SEC Form 4 · accession 0001209191-18-041906

TRANSENTERIX INC. · TRXC

Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗

Reporting owner

Officer — EVP and CFO

Period of report

Jul 3, 2018

Accepted (ET)

Jul 6, 2018 · 6:06 pm EDT

Rule 10b5-1 plan

unknown — predates the checkbox

Issuer CIK

0000876378

Table I — non-derivative securities

Security	Date	Code	Shares	Price	A/D	Owned after	D/I	Nature of ownership
Common Stock	Jul 3, 2018	M	166,667	$0.00	A	166,667	D
Common Stock	Jul 3, 2018	F	58,334	$3.84	D	108,333	D
Common Stock^F2	Jul 3, 2018	S	2,491	$4.01	D	105,842	D
Common Stock^F2,F3	Jul 3, 2018	S	11,883	$4.00	D	93,959	D
Common Stock^F2	Jul 5, 2018	S	37,337	$4.00	D	56,622	D
Common Stock^F3	holding	—	—		—	25,000	I	By IRA

Security	Conv. / exercise price	Date	Code	Shares	A/D	Exercisable	Expires	Underlying	Underlying shares	Owned after	D/I
Restricted Stock Units^F4,F5	—	Jul 3, 2018	M	166,667	D	—	—	Common Stock	166,667	333,333	D

F1This transaction represents the payment of a tax liability on the lapse of forfeiture restrictions on a derivative security and acquisition of the underlying shares.
F2The transaction occurred pursuant to a written trading plan dated November 29, 2017, meeting the requirements of Rule 10b5-1(c).
F3Following the sales on July 3, 2018 and July 5, 2018, the reporting person continues to beneficially own 81,622 shares of the company's common stock. The reporting person also holds stock options to acquire 1,886,821 shares of common stock, of which approximately 27% are vested, and restricted stock units representing an additional 595,777 shares of common stock subject to forfeiture restrictions.
F4Each restricted stock unit represents the right to receive one share of the Registrant's common stock.
F5Forfeiture restrictions will lapse as to 1/3rd of the Restricted Stock Units on each of the first three anniversaries of the date of grant, as long as the Reporting Person remains in the employ of the Registrant. The lapse of forfeiture restrictions may accelerate on certain events as set forth in an employment agreement or the Incentive Plan.